WEX Inc. $WEX Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its position in shares of WEX Inc. (NYSE:WEX) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,472 shares of the business services provider’s stock after selling 4,602 shares during the period. Legal & General Group Plc’s holdings in WEX were worth $7,370,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its position in WEX by 228.5% during the fourth quarter. Hantz Financial Services Inc. now owns 749 shares of the business services provider’s stock worth $112,000 after buying an additional 521 shares during the period. EverSource Wealth Advisors LLC increased its position in WEX by 163.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,087 shares of the business services provider’s stock worth $162,000 after buying an additional 675 shares during the period. Legato Capital Management LLC increased its position in WEX by 19.2% during the fourth quarter. Legato Capital Management LLC now owns 2,470 shares of the business services provider’s stock worth $368,000 after buying an additional 398 shares during the period. IFP Advisors Inc increased its position in WEX by 225.4% during the fourth quarter. IFP Advisors Inc now owns 371 shares of the business services provider’s stock worth $55,000 after buying an additional 257 shares during the period. Finally, Radnor Capital Management LLC increased its position in WEX by 2.8% during the fourth quarter. Radnor Capital Management LLC now owns 9,575 shares of the business services provider’s stock worth $1,426,000 after buying an additional 260 shares during the period. Institutional investors and hedge funds own 97.47% of the company’s stock.

WEX Stock Up 0.7%

WEX stock opened at $147.96 on Friday. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.05 and a quick ratio of 1.05. WEX Inc. has a 1-year low of $132.35 and a 1-year high of $186.85. The company has a market cap of $5.13 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 0.91 and a beta of 0.85. The stock’s 50 day moving average price is $152.54 and its 200 day moving average price is $153.43.

WEX (NYSE:WEX) last posted its quarterly earnings results on Wednesday, April 22nd. The business services provider reported $4.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.92 by $0.23. WEX had a return on equity of 42.66% and a net margin of 11.50%.The firm had revenue of $673.80 million for the quarter, compared to the consensus estimate of $660.96 million. During the same period in the previous year, the business earned $3.51 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. WEX has set its FY 2026 guidance at 18.950-19.550 EPS and its Q2 2026 guidance at 4.930-5.130 EPS. On average, sell-side analysts predict that WEX Inc. will post 16.49 EPS for the current fiscal year.

WEX announced that its board has authorized a share buyback plan on Thursday, May 14th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 21.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. JPMorgan Chase & Co. dropped their target price on WEX from $175.00 to $155.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Mizuho dropped their target price on WEX from $180.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, February 6th. Wall Street Zen lowered WEX from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. Raymond James Financial reissued a “market perform” rating on shares of WEX in a report on Friday, March 6th. Finally, Cantor Fitzgerald boosted their target price on WEX from $158.00 to $166.00 and gave the company a “neutral” rating in a report on Monday, February 9th. Four analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $172.70.

Insiders Place Their Bets

In other WEX news, Director James R. Groch purchased 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 18th. The shares were purchased at an average cost of $142.95 per share, for a total transaction of $214,425.00. Following the completion of the purchase, the director directly owned 17,957 shares in the company, valued at $2,566,953.15. This represents a 9.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jennifer Kimball sold 715 shares of WEX stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $157.82, for a total value of $112,841.30. Following the completion of the sale, the chief accounting officer owned 6,203 shares in the company, valued at approximately $978,957.46. This trade represents a 10.34% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,019 shares of company stock valued at $1,446,996 in the last three months. 1.40% of the stock is owned by corporate insiders.

WEX Company Profile

WEX Inc is a global financial technology company specializing in business payment solutions for fleet, travel, and corporate payments. The company delivers software-driven platforms and card-based services that help businesses automate payment processes, manage expenses and improve operational efficiency across a range of industries, including transportation, healthcare and government.

Founded in 1983 as Wright Express in Portland, Maine, the company began by offering fuel card services to trucking fleets.